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Those looking to buy a second home with strong rental potential are being urged to consider cities overseas, which can provide year-round financial yields.
British owners of overseas property have one last chance to claim their holiday home tax relief. Writing in This French Life, property lawyer Guillaume Barlet reminds owners who rent out their holiday homes that they can still offset losses against the property under current tax rules.
The president of France’s property developers federation (Fédération des promoteurs immobiliers) has just announced that new development property sales for the first quarter of 2011 are down 24 per cent on the same quarter in 2010.
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